The Republican journal., 1887-11-17

Another Chicago man hes come to the
front. Wall street gossirs say fourth piacc
in the speculative world now belongs to
westerner. The order of power, as given by
them, is: Gould, Sage, Camnack, Jones.
Nat" the last named i; usually called,
though he is down on the lttcihcads of
Jones, Kennctt & Mccormick, a Chicago
board Of trade firm, as ''Nathaniel ~ The
career of Jones isanothcr Illustration Of what
a little luck combined with Il little shrewd-
ness and n good deal of nerve will do for a
Elan. Only seven years ago this ncw Wall
street na.natc was working on !; salary for
the grain irrl of William Young 4 Co.,
Chicago. lie had. however the privilege of
doing So.:c trading for himself through tho
'.nus,, This privilege he ava:,cl himself of
oftc,i AID with 50 ni.rh sl.rrvt!ncsi that
when hv LETT tic eiui,loy Of he Noungs, in
l'2;l. he had 100000 in clear cash, al made
il '':s.aping' operations. This pretty stake
y had made by cautious. stend! work,
jumping in and ont of The market, & e. sat
is!;el with Il small profit, just 50 it were Il
profit.
But now his methods changed Feeling
uIiinted con1ile.Icc il himself, and perhaps
ovcrcst;nmtng t.ie relative power of his
stake he at on~" began spcculating on such
IL Eus,c Sc;lle lllil HIS lElcltS litiEtitu HIS
downfall and c.!sleavored to ''pul him up
while he still hal Il thousand OF two left. But
he wouldn't be pulled up He tailed
after the great pork deal of lSS2 with such
pllng.s that a great ,:Itn,y traders thought
Jones the actual leader of the ccrslel, when
he was only trying t, make an homes: ,iollar
by initiating Tie tactics OF the real lIlanipu-
lator Anyho", pork Went up from Is to
md ft, Il,, la;
l,ated the collapse of the McGeocl. lard
corner and made Il pot of money out of it,
On the s,lorc Of Lake Michigan, north of
town, Is n Tow Of sple;.,.i,i houses Potter
Palmer's castle i, o.ic OF them, Robert Lin
coins mansion another, Nat Jones' third
Jones made that house out of one deal in
Pullman stock lie and Pullman bought To-
getler cn joint account when the stoc> vas
under par and held on until they realized
l4o The profits OF the venture were &..joH0,
and with his share of the pool Jones paid for
his now house,
Nat Jones is still u young man and popll-
lar one. He is merry Gus, active, restless; and
never but once, SO his friends say, went into
deal requiring patience and that Wa, in the
Pullman venture just Eat.ltlo.icd He want,
quick results, moves on his impressions
rather than his logic, and has long been the
leader of clique of operators in Chicago.
He is not 81 very rich, perhaps sl,00o,OUo
or 81, 100000 is his rating, bat lac is Il slccu-
lativc power far beyond the force of his
money. y keen aliecuator himself ard will
ing to plunge large suns he is q; tie same
time Il leader of nien who at the word are
able to oxert a tremendous influence upon the
market. Just now Jones is a bear
notwithstanding his great and rapid Sic
cess, Mr. Jones puts on 10 frills He is essen
TALLY modest man. Not above taking
stock hint OF opinion from a clerk, he was
never known to be vain of his success nor of
personal ll': earance. Il have never had a
photograph taken" he says, because l have
such a., usiy l'hiz l wear Veil in the day
time. WALTER WELLMAN.